Animal Intestinal Health Market Size, Share, Growth Analysis, By Form(Dry, Liquid), By Animal Type(Poultry, Swine, Ruminant, Aquaculture), By Product(Probiotic, Prebiotic, Phytogenic, Immunostimulants), By Region - Industry Forecast 2024-2031

Animal Intestinal Health Market size was valued at USD 3195.7 million in 2019 and is poised to grow from USD 3460.1 million in 2023 to USD 6371.4 million by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).

The market is fragmented in nature. The prominent players operating in the animal intestinal health market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key animal intestinal health market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Novus International Inc.', 'Chr. Hansen Holding A/S', 'Cargill Inc.', 'Archer Daniels Midland Company', 'DSM Nutritional Products Ltd.', 'Phibro Animal Health Corporation', 'DuPont de Nemours Inc.', 'Kemin Industries Inc.', 'Alltech Inc.', 'Zoetis Inc.', 'Evonik Industries AG', 'Boehringer Ingelheim International GmbH', 'Elanco Animal Health Inc.', 'Virbac SA', 'Neovia', 'Adisseo France SAS', 'Biomin Holding GmbH', 'Pancosma SA', 'Novozymes A/S', 'Nutreco NV'

One of the key factors influencing animal intestinal health market trends is the fact that dogs and cats are among the most commonly acquired animals by people. The market demand for high-quality and premium foods is being fueled by the growing popularity of pet parenting; consequently, phosphate demand is also rising as it is heavily incorporated in pet food due to its numerous health benefits, including promoting healthy skeletal development, nerve impulse transmission, muscle contraction, and others. The market for pet food ingredients has seen an increase in demand as a result of this.

The feed sector has been singled out for technological advancements, which are primarily driven by the needs of end users of animal protein and livestock producers. To meet the growing demand, feed producers provide the best materials and tools for developing cutting-edge additive combinations. The businesses are focusing on creating innovative products that give ruminant species the best nutrition possible in the early years of their life, increasing productivity.

Among the region, the North American region is projected to hold the most substantial in the market. One of the biggest users of meat and dairy products worldwide is the United States of America. According to the Agricultural Outlook 2021 report from the Food and Agriculture Organization of the Organization for Economic Co-operation and Development (OECD-FAO), the United States consumed about 34.43% of the world's total meat production, or about 43,810 thousand tones, of poultry, sheep, pork, beef, and veal in 2016. The United States' substantial meat consumption is anticipated to fuel the animal intestinal health market's expansion throughout the forecast period. The United States produced about 12,383 thousand metric tons of beef and veal, 12,478 thousand metric tons of pork, and 20,712 thousand metric tons of chicken as of January 2022, according to the Economics, Statistics and Market Information System of the United States Department of Agriculture. The rising consumption of meat products is primarily to blame for the high production volumes. According to the Economic Research Service of the United States Department of Agriculture, the country produced more than 2,26,258 million pounds of milk in 2021. The correct upkeep of the animals is necessary due to the rise in meat and dairy product consumption.